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FIN 325 Week 5

FIN 325 Week 5 - (\$86,000 Projected Cash 469,000 Chapter 18...

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Chapter 17 E 17-16) N/A, because ABC is a method of attributing overhead costs to products based on measurable factors that relate to activities that create overhead costs (pg. 829 from text). Period costs are treated in a traditional product costing system while facility supports costs in an activity-based costing (ABC). One can not tell who will improve based on converting to ABC for this exercise question. E 17-17) a) U b) F c) B d) F e) P f) B g) P h) F I) U j) P k) F E 18-32) Cash Budget July 2009 Table Rock Memorial Hospital Cash 7/1/09 \$245,000 June credit services \$430,000 July cash services \$115,000 July credit service Partial \$570,000 Supplies (\$35,000) Accounts Payable (\$30,000) Salaries (\$650,000) S/T Bank Loan (\$90,000) Cash expenses

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Unformatted text preview: (\$86,000) Projected Cash 7/31/09 469,000 Chapter 18 E 18-36) Silver Company Expected sales revenue 1,240,000 Variable cost of goods sold-625,000 Fixed overhead -125,000 Variable expenses-140,000 Fixed expenses-45,000 Variable expenses-45,000 Fixed expenses-160,000 100,000 Interest expense-28,000 72,000 Income tax on 72,000 25,200 Net Income 46,800 E 20-41) 1) 30x = 21x + 3x + 300 + 500 6x = 800 X = 133.33 Break even = 134 2) 1,000 = 30x – 24 x – 800 1,800 = 16x X = 300 \$1,000 profit = 300 3) a) 30x = 16x + 300 + 500 + 600 14x = 1,400 X = 100 Break even = 100 b) 1,000 = 30x – 16x – 1,400 2,400 = 14x 1x = 171.4286 \$1,000 profit = 172...
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